Blog
12,
2019
19,
2019
Retirement represents a major transition in a person’s life — one that comes with a lot of decisions. Chief among those may be the choice of where to live. While downsizing has been a common move for retirees in the past, many are now finding themselves “smart-sizing” instead. The concept of smart-sizing is about figuring […]
29,
2019
The decision to make a Home Equity Conversion Mortgage (HECM) part of your retirement plan should not be taken lightly. It starts with determining whether it makes sense for your situation, and also includes sorting through choices such as lump sum or installment payments, and considering a traditional reverse mortgage versus a HECM for Purchase […]
24,
2019
The Federal Housing Administration (FHA) recently updated its rules to make it easier for buyers and owners of condominium units to access FHA financing. The change, which went into effect earlier this month, opens up new possibilities for homebuyers and creates a new avenue for seniors interested in taking advantage of a Home Equity Conversion […]
17,
2019
A home equity conversion mortgage (HECM), or reverse mortgage, can be a valuable tool for seniors in retirement. A HECM enables homeowners 62 years of age or older to tap into their homes’ equity in the form of a one-time or monthly cash disbursements. If you’re considering pursuing a reverse mortgage, completing a self-evaluation is a […]
10,
2019
27,
2019
Since its establishment in the 1980s, the Home Equity Conversion Mortgage (HECM), or reverse mortgage, has helped more than 1 million seniors supplement their financial planning after the age of 62. A HECM allows eligible borrowers to access their home’s equity without having to sell, leave the home, or make monthly payments. Thanks to enhancements […]
15,
2019
8,
2019
If you are retired or approaching retirement, you may find that a fixed income is not always enough to cover your expenses and maintain your desired lifestyle. Fortunately, there are other options to help you bring in extra money. One option is getting a roommate. A home equity conversion mortgage (HECM), also known as a […]
7,
2019
According to a recent study from Merrill Lynch and AgeWave, retirees are expected to create an $8 trillion surge in giving over the next two decades. This “Longevity Bonus” will be a fundamental shift in philanthropy and is being driven by the convergence of several factors. Most notable is the growing number of baby boomers […]
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